Gibsons York
129 Micklegate, York, YO1 6LBAgreement Type: Long-Term FRI Lease
View details for Gibsons York
Gilly Gate York
48, Gillygate, York, YO31 7EQ
Pub Code: 2302685101
Key Features
- Foundation Tenancy
- Letting Rooms
- Catering Kitchen
- Outdoor Trade
- Cask Ales
Est Min Ingoing Costs: £17,651
Annual Rent: £49,815
More Information
The Gilly Gate is located in the city of York, close to York City wall gates and close proximity to York Saint John’s University. The pub is surrounded by commercial businesses.
The pub benefits from being one of 78 pubs found in an area of around 7,000 adults. The mixed customer base is built of students, homeowners and older residents.
Available on our foundation tenancy agreement, the potential of this pub lies in developing a strong food & drinks offer. What food & drinks would you look to implement in the pub?
It offers a selection of cask ales, a pub classic menu, and popular beers, ciders, wines and spirits. We’re always open to new ideas, what would you do to drive trade?
If you’ve benefited from running or owning a pub business, we’d love to hear what experience you can bring
The right operator for the pub will have extensive experience in a high street hospitality businesses. They will have a clear vision for their food & drinks menu and marketing strategy and can create a memorable experience for their customers.
If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pubs next chapter…
Trading Area & Facilities
- Main trading area with x2 bars
- Separate dining room
- 80 internal covers
- Space for external covers
- Small kitchen
- SmartDispense
- 8 letting rooms
- large patioed garden with stage area
- Car park with 4 spaces
Private Accommodation
Private accommodation consists of 1 room and bathroom. Where required there will be appropriate works carried out in line with the Star Pubs & Bars Ready to Trade promise.
| Annual Rent | £ 49,815 |
| Estimated Annual Turnover | £ 724,935 |
| Deposit | £ 12,454 |
| Estimated Fixtures & Fittings Value | £ 20,815 |
| Estimated Stock Valuation | £ 10,000 |
| Estimated Working Capital | £ 3,500 |
| Estimated Total Ingoing Costs | £ 46,769 |
| Estimated Minimum Ingoing Costs | £ 17,651 |
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.
The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.
Location:
48, Gillygate, York, YO31 7EQ
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View details for Duke Of York York
Spotted Ox Tockwith
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View details for Spotted Ox TockwithTo apply for this pub or for additional information, please contact us directly
Freephone:
08085 94 95 96
Email us at
enquiries@starpubs.co.uk
Or visit
www.starpubs.co.uk
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